Indonesia posts biggest trade surplus in nearly 10 years

Indonesia posts biggest trade surplus in nearly 10 years

FILE PHOTO: Stacks of containers are seen at Tanjung Priok port amid the coronavirus disease (Covid-19) outbreak in Jakarta, Indonesia, Aug 3, 2020. (Reuters)
FILE PHOTO: Stacks of containers are seen at Tanjung Priok port amid the coronavirus disease (Covid-19) outbreak in Jakarta, Indonesia, Aug 3, 2020. (Reuters)

JAKARTA: Indonesia reported its biggest trade surplus in nearly a decade in October, larger than expected, as imports plunged, statistics bureau data showed on Monday.

Southeast Asia's largest economy had a surplus of $3.61 billion last month, more than the $2.29 billion surplus expected by economists in a Reuters poll.

According to Refinitiv Eikon data, the October surplus was the biggest since December 2010.

Imports tumbled 26.93% on a yearly basis, steeper than the 18.67% fall forecast in the poll, to $10.78 billion.

Exports fell 3.29% to $14.39 billion, compared with the poll's prediction of a 4.36% drop.

Do you like the content of this article?
COMMENT (4)

Police to lay charges over Thursday's rallies

Leaders and supporters of Thursday's unauthorised pro-democracy rallies in Bangkok face a range of police charges.

17:10

Missing trawler found with dead skipper, no crew

SONGKHLA: A fishing boat reported missing almost a week ago has been found floating near Vietnamese waters with only the dead captain on board and no sign of the crew.

16:31

'No cooperation'

Workers who just will not do as they are told are frustrating efforts to control the spread of Covid-19 clusters in Bangkok, a senior government spokeswoman says.

15:48